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Asset Manager ← All Institutions

Yiheng Capital Management, L.P.

Q2 2025 · Filed 2025-08-14
Market Value
$269M
-3.8%
Holdings
17
-1
New Purchases
0
Added To
3
Closed
1
Reduced
3
Top 10 Concentration
91.3%
Turnover
5.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NOAH 29.88% 22.75% +7.12% $80M
EDU 12.01% 10.25% +1.77% $32M
JD 9.57% 8.31% +1.26% $26M
IVA 3.14% 2.03% +1.11% $8M
KYMR 1.99% 1.20% +0.79% $5M
AKRO 5.96% 5.22% +0.74% $16M
RERE 3.90% 3.33% +0.57% $10M
API 0.76% 0.28% +0.48% $2M
ACMR 2.70% 2.34% +0.36% $7M
SVCO 1.93% 1.65% +0.27% $5M
VRDN 2.60% 2.42% +0.19% $7M
DNLI 2.45% 2.29% +0.16% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BILI 15.32% 21.52% -6.20% $41M
RBLX 0.00% 5.90% -5.90% $0
HTHT 6.18% 8.56% -2.39% $17M
TAL 1.18% 1.46% -0.29% $3M
BEAM 0.44% 0.48% -0.05% $1M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 3 $42M 15.7%
Mid Cap 8 $113M 42.1%
Small Cap 5 $105M 39.1%
Micro Cap 1 $8M 3.1%

Portfolio Analytics

Avg Market Cap
$8.1B
Median Market Cap
$4.5B
Avg P/E
23.3
Median P/E
20.0
Avg Dividend Yield
0.02%
Avg Beta
0.84
# Stocks
17
# ETFs / Funds
0

Top Holdings (17 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NOAH 29.88% 6,719,722 $80M $11.94 $17M
2 BILI 15.32% 1,918,564 $41M $21.45 -$19M -1,225,103 -39.0%
3 EDU 12.01% 598,080 $32M $53.95 $4M
4 JD 9.57% 787,413 $26M $32.64 $3M +223,300 +39.6%
5 HTHT 6.18% 488,964 $17M $33.92 -$7M -156,694 -24.3%
6 AKRO 5.96% 299,791 $16M $53.36 $1M -60,000 -16.7%
7 RERE 3.90% 3,163,117 $10M $3.31 $1M
8 IVA 3.14% 2,644,926 $8M $3.19 $3M
9 ACMR 2.70% 280,201 $7M $25.90 $717K
10 VRDN 2.60% 500,261 $7M $13.98 $250K
11 DNLI 2.45% 469,981 $7M $13.99 $186K
12 KYMR 1.99% 122,605 $5M $43.64 $2M
13 SVCO 1.93% 1,096,282 $5M $4.72 $558K +83,950 +8.3%
14 TAL 1.18% 309,240 $3M $10.22 -$925K
15 API 0.76% 533,547 $2M $3.81 $1M +340,967 +177.1%
16 BEAM 0.44% 69,058 $1M $17.01 -$174K
17 RBLX —% -$16M -282,338 -100.0% SOLD

Options Breakdown

3 Calls $722M Call Value 4 Puts $112M Put Value 0.16 P/C Ratio

Top Calls

SymbolSharesValueStatus
JD 16,178,900 $528M
BILI 9,044,300 $194M
AKRO $0 SOLD

Top Puts

SymbolSharesValueStatus
ULS 841,800 $61M NEW
PLNT 270,000 $29M NEW
VSAT 1,483,500 $22M NEW
ALAB $0 SOLD

Sold Out Positions

SymbolValue% Port
RBLX —%
View SEC EDGAR Filings for Yiheng Capital Management, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms